SINGAPORE (Feb 23): Hanwell Holdings reported FY17 earnings increased by 7.8% to $11.1 million compared to $10.3 million in FY16.
Revenue for the full year ended Dec 2017 was 16% higher at $464.0 million, compared to $400.0 million in the previous year, mainly attributed to stronger demand in the group’s packaging business segment from 63.9%-owned Tat Seng Packaging but was partially offset by closure of all franchise outlets from its consumer business segment in Singapore.
